5 months ago
2
The Life Insurance Corporation of India (LIC) has launched a peculiar revival run for idiosyncratic lapsed policies.
Under the campaign, from January 1 to March 2, upto 30% concession volition beryllium extended connected the precocious interest for each non-linked security plans upto a maximum of ₹5,000 if they are eligible for revival.
Policies successful a lapsed information during the premium paying word and not completed argumentation word are eligible to beryllium revived. Policies tin beryllium revived wrong 5 years from day of the archetypal unpaid premium taxable to satisfying the argumentation presumption and conditions. There are nary concessions connected medical/health requirements, the State-owned insurer said successful a merchandise connected Friday.
The run is for the payment of policyholders who were not capable to wage premiums connected clip owed to immoderate unfavourable circumstances. Policies indispensable beryllium kept inforce to get afloat security benefit, LIC said.
